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F1PART VN.I.WINDING UP OF COMPANIES REGISTERED UNDER THE COMPANIES ORDERS

CHAPTER IIIN.I.MEMBERS' VOLUNTARY WINDING UP

Conversion to creditors' voluntary winding upN.I.

82.  As from the day on which the creditors' meeting is held under Article 81, this Order has effect as if—

(a )F2the directors' declaration under Article 75 had not been made; and

(b )F2the creditors' meeting and the company meeting at which it was resolved that the company be wound up voluntarily were the meetings mentioned in Article 84;

and accordingly the winding up becomes a creditors' voluntary winding up.

F2mod. by SR 2004/307